AUDUSD has reached the top of the ascending price channel. If we see some bearish price action at the top of the channel, it will be a good idea to start looking at some sell trades.
There is a chance that AUDUSD may drop back to the support level at 0.7150.
Traders can look at sell trades between 0.7263-0.7284 with SL above 0.73 and TP at 0.7150
There is a chance that AUDUSD may drop back to the support level at 0.7150.
Traders can look at sell trades between 0.7263-0.7284 with SL above 0.73 and TP at 0.7150
Trade active:
Sold at 0.7265.
Comment:
70 pips profit